An adjustable support stand is mounted on a pre-cast concrete wall panel form to facilitate the leveling of the form and the support of the form about the production plant floor. The adjustable support stand includes a frame portion that houses a threaded rod positional fixed for rotation within the frame portion to drive a vertical movement of the leg member in response to rotation of the threaded rod. The adjustable support stand further includes a clamping apparatus that detachably mounts the frame portion to the flanges of a steel beam frame member. The actuator member can be a nut welded to the top of the threaded rod to affect movement of the engaged leg member in response to manipulation with a powered or manually operated hand tool, or a gear set and an orthogonal drive shaft that transfers rotation from a hand tool to the threaded rod.